China’s $2.2 Trillion Global Lending Shift Reveals New Economic Strategy
China has loaned or granted $2.2 trillion to over 200 countries between 2000 and 2023. This vast financial reach reflects the country’s broader economic and security strategies. A new study shows how Chinese funding has shifted focus in recent years, with wealthier nations now receiving the bulk of support. Over the past 24 years, China’s overseas lending has changed direction. In the early 2000s, countries like Pakistan, Angola, Ethiopia, Kenya, Nigeria, Indonesia, and Sri Lanka received the most funding. But by 2023, more than three-quarters of Chinese loans went to upper-middle and high-income nations instead. China’s lending patterns now align closely with its economic and security priorities. High-income and upper-middle-income countries dominate the list of recipients, while the US remains the top beneficiary. The trend signals a broader realignment in global financial flows, with major powers increasingly vying for influence in the same markets.
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